Project description
and objectives:
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Co-investment together with Bank Hapoalim (Israel) in Demir Kazakhstan Bank (“DKB”) by acquiring 10% of the bank’s equity.
The proposed transactions will support the DKB’s projected growth and increase availability of long-term financing to companies operating in Kazakhstan.
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Transition impact:
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EBRD’s equity investment will strengthen DKB’s capital base, increase financial intermediation in Kazakhstan and foster competition in the country’s financial sector.
The intensive development programme contemplated by Bank Pozitif (Turkey), the majority shareholder of DKB and Bank Hapoalim the ultimate majority shareholder will transfer and disperse skills to Kazakh banking sector.
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The client:
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DKB is a privately owned universal commercial bank, 21st largest in Kazakhstan in terms of total assets.
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EBRD finance:
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T.B.C.
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Total project cost:
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T.B.C.
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Environmental impact:
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DKB will be required to comply with EBRD’s Environmental Procedures for equity investments, including ensuring compliance with the applicable national environmental, health, safety and labour standards and submission of annual environmental reports to the Bank.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mr Emir Deldag, Chairman of Management Board of DKB
Tel: + 7 727 2449228
Fax: + 7 727 2449235
Email: emir.deldag@demirbank.kz
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EBRD contact:
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Marie-Alexandra Veilleux, Operation Leader: veilleum@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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